BTC Capital Management Inc. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,081 shares of the information technology services provider’s stock after purchasing an additional 1,499 shares during the quarter. BTC Capital Management Inc.’s holdings in Fidelity National Information Services were worth $753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Janus Henderson Group PLC raised its stake in shares of Fidelity National Information Services by 253.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after purchasing an additional 3,226,198 shares during the period. BlackRock Inc. increased its position in shares of Fidelity National Information Services by 10.5% in the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after acquiring an additional 2,208,363 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $176,220,000. Voya Investment Management LLC increased its position in shares of Fidelity National Information Services by 80.3% in the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after acquiring an additional 1,297,225 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $106,333,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Barclays PLC lifted their target price on Fidelity National Information Services from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Robert W. Baird reaffirmed an “outperform” rating and issued a $108.00 target price (up previously from $102.00) on shares of Fidelity National Information Services in a research report on Tuesday, October 10th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co lowered their target price on Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $98.38.

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Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded up $0.09 during trading hours on Tuesday, hitting $92.85. The stock had a trading volume of 1,561,500 shares, compared to its average volume of 1,518,411. Fidelity National Information Services, Inc. has a 12 month low of $73.97 and a 12 month high of $96.67. The company has a market capitalization of $30,969.64, a PE ratio of 22.09, a PEG ratio of 1.75 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. analysts forecast that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is presently 71.60%.

In other news, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James B. Stallings, Jr. sold 8,486 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total value of $779,608.82. Following the sale, the director now owns 12,317 shares of the company’s stock, valued at approximately $1,131,562.79. The disclosure for this sale can be found here. Insiders own 2.66% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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